Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
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<strong>Inside</strong> <strong>Job</strong> transcript – <strong>Sony</strong> <strong>Pictures</strong> – September 2010 64<br />
CHARLES FERGUSON: But if I recall, there is no policy to that effect.<br />
GLENN HUBBARD: I can't imagine anybody not doing that – in terms of putting it in a<br />
paper. You would, there would be significant professional sanction for failure to do that.<br />
02:29:18.25<br />
CHARLES FERGUSON: I didn't see any place in the study where you indicated that you<br />
had been paid, uh, by the Icelandic Chamber of Commerce to produce it. Um –<br />
FREDERIC MISHKIN: No, I {MUMBLE} –<br />
CHARLES FERGUSON: Okay.<br />
02:29:30.24<br />
NARRATOR: Richard Portes, the most famous economist in Britain, and a professor at<br />
London Business School, was also commissioned by the Icelandic Chamber of<br />
Commerce in 2007 to write a report which praised the Icelandic financial sector.<br />
02:29:44.12<br />
RICHARD PORTES: The banks themselves are highly liquid. They've actually made<br />
money on the fall of the Icelandic krona.<br />
These are strong banks; their funding, their market funding is assured for the coming<br />
year.<br />
These are well-run banks.<br />
NEWSMAN: Richard, thank you so much.<br />
NARRATOR: Like Mishkin, Portes's report didn't disclose his payment from the Icelandic<br />
Chamber of Commerce.<br />
02:30:03.04<br />
{JOHN CAMPBELL<br />
CHAIRMAN<br />
HARVARD ECONOMICS DEPARTMENT}<br />
CHARLES FERGUSON: Does Harvard require disclosures of financial conflict of<br />
interest in publications?<br />
JOHN CAMPBELL: Um, not to my knowledge.